Tuesday, July 30, 2013

BloggeRhythms 7/30/2013

Every once in a while, a headline makes me stop and laugh out loud. And today’s one of those times.
 
Perry Chiaramonte of Fox News.com wrote an article titled: “America’s energy boom is putting a scare into Saudi Arabia.”
 
The story says that “According to the Wall Street Journal, Saudi billionaire Prince Alwaleed bin Talal warned in a letter to Saudi Oil Minister Ali al-Naimi and others that the U.S. boom of shale oil and gas will reduce its thirst for Saudi crude oil.”
 
The letter noted that while shale gas poses ‘”no danger on Saudi economy at the present time, the danger of this matter in the ‘not-so-distant future,’ especially that America and some Asian countries made big discoveries in shale gas extraction which will affect the oil industry around the world in general and Saudi Arabia in particular."
 
Now, this prince is supposedly worth an estimated $20 billion and is worried his nation's near total reliance on oil revenues could leave it vulnerable when demand drops due to other nations' domestic production.
 
In the meantime, though, a newly published report from OPEC showed that the group's export revenue hit a record high of $1.26 trillion in 2012. 
 
So, here we have these guys out in the desert with absolutely no capabilities or skills whatsoever, that have been ripping off the rest of the world for years simply because their tents are located above huge deposits of oil. And now they’re worried because it won't be long before their biggest customers have developed resources of their own. 
 
As for myself, though, I just can’t feel sorry in the slightest for people who’s only accomplishment in life is the same as one’s who’ve never done more than buy a winning lottery ticket. And if they’ve done nothing to enhance or improve themselves, choosing instead to amass huge fortunes by gouging others, I just can’t wait until any kind of foreign oil isn’t needed at all, here or anywhere else on the planet.
 
But then, despite the benefits to our nation that has even the Saudi Arabian’s worried about our becoming oil independent, Captain Blabberry, had this to say over the weekend.
 
According to another Fox News.com article: “President Obama’s questionable claim that the Keystone XL oil pipeline would create just 2,100 jobs is running into some fact-check scrutiny, with The Washington Post saying the president “shouldn’t pick and choose how he cites job-creation numbers.”
 
Apparently, he downplayed the economic impact of the proposed Canada-to-Texas pipeline in a New York Times interview, saying the project would create roughly 2,000 construction jobs and maybe 100 additional jobs after that -- calling it a "blip relative to the need." 
 
He then, “challenged reporters to "confirm" his own projection, which is what Fox News did. In an interview with Michigan Republican Representative. Fred Upton, chairman of the House Energy and Commerce Committee, Upton told told FoxNews.com. the following:
 
“A president disparaging private-sector jobs while backstage at a jobs rally is beyond belief. The president’s own State Department reported that Keystone would support upwards of 40,000 jobs. In this economy, any source of private job creation should be welcomed with open arms. After nearly five years and 15,500 pages of review, there is no reason to delay these jobs another day. Republicans, Democrats, leading unions, and job creators all agree, it’s time to start building.” 
 
So, while just about anyone who can grasp the simplest, most basic facts about how beneficial domestic oil production is to the nation, and even the Saudi's see the handwriting on the wall, the incumbent still protects his lobbying friends. And in that way, coupled with anti-growth, anti-capitalism and antiquated policies supporting economic redistribution, we get talk, and talk, and talk, and talk forever…but never, ever a word of the truth.
 
That's’ it for today folks.
 
Adios 

No comments:

Post a Comment